Comparing the net foreign liability dynamics of Australia and the United States

Phil Garton
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Phil Garton: Treasury, Government of Australia

Economic Roundup, 2007, issue 4, 101-117

Abstract: This article examines the evolution of net foreign liabilities as a share of GDP in Australia and the United States. The two countries have been running similarly large current account deficits in recent years. But while net foreign liabilities have been growing steadily as a share of GDP in Australia they have, remarkably, been falling in the US.

Keywords: Bank foreign liabilities; debt; liability; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 F34 H63 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

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